Obama Touts Renewable Energy; Says Spending on Research Key to Economic Turnaround

The Washington Times (Washington, DC), March 24, 2009 | Go to article overview
Save to active project

Obama Touts Renewable Energy; Says Spending on Research Key to Economic Turnaround


Byline: Tom LoBianco , THE WASHINGTON TIMES

President Obama on Monday vowed that his plans to spend billions of dollars on renewable energy will return Americans to work and curb the economic and national security threats posed by the country's dependence on foreign oil.

Mr. Obama said he expects the Energy Department's 17 national energy labs to lead research with the help of a planned $1.2 billion. He also touted his proposal to extend the clean energy research and development tax credit for 10 years, which he hopes will spur more innovation from the private sector, including the dozens of energy executives who joined him Monday.

The push for clean energy spending comes as Republican members of Congress and some moderate Democrats have raised flags over the president's spending plans, which have the potential to rip open a $9.3 trillion long-term deficit.

Mr. Obama praised Paul Holland, vice president of Serious Materials, for leading the nation in producing energy-efficient building materials. He thanked Mr. Holland for reopening a plant in Pennsylvania and rehiring the 100 workers who had lost their jobs.

We have a choice: We can choose to do what we've done, we can leave these problems for the next budget or the next administration but, more likely, for the next generation, Mr. Obama said. But we've seen the consequences of this failure to take responsibility, this failure to seize the moment.

Mr. Obama touted $59 billion in renewable energy investments included in the $787 billion stimulus package, and $150 billion for clean energy he plans to spend over the next 10 years in his regular budget.

Mr. Obama has pinned much of his economic recovery hopes on the promise of green jobs, a loosely defined term, which generally refers to any work created by renewable energy projects.

Much of the president's energy plans are paid out using proceeds from a proposed cap-and-trade system, which would charge companies for emitting carbon dioxide. The plan could raise up to $2 trillion by White House estimates.

Middle-class families and small businesses face a slumping job market, rising costs of living and evaporating savings, said House Minority Leader John A.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Obama Touts Renewable Energy; Says Spending on Research Key to Economic Turnaround
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?